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Economy of Bolivia vs Uruguay compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $85.3B for Uruguay, ranking 88/197 and 84/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $56B (65.7% of GDP) in Uruguay.

Bolivia vs Uruguay GDP by year

Bolivia
Uruguay
1x
Year GDP, current $
Bolivia Uruguay
2025 $64,768,947,525 $85,347,696,278
2024 $54,881,327,453 $82,322,859,144
2023 $52,340,206,946 $79,208,725,900
2022 $50,959,081,954 $71,240,669,088
2021 $47,877,892,402 $60,739,061,281
2020 $42,313,784,081 $53,559,354,501
2019 $49,056,643,589 $62,222,324,965
2018 $48,414,038,842 $65,344,577,416
2017 $45,927,439,595 $65,006,039,810
2016 $33,941,126,194 $57,480,787,465
2015 $33,000,198,249 $57,680,327,999
2014 $32,996,188,017 $61,496,186,974
2013 $30,659,338,886 $61,337,621,934
2012 $27,084,497,482 $54,232,266,359
2011 $23,963,164,697 $50,342,406,067
2010 $19,649,723,722 $41,950,361,212
2009 $17,339,992,194 $32,708,319,078
2008 $16,674,276,286 $31,119,602,539
2007 $13,120,108,008 $23,797,773,024
2006 $11,451,844,902 $19,741,420,740
2005 $9,549,122,905 $17,362,857,684
2004 $8,773,451,752 $13,686,329,890
2003 $8,082,399,640 $12,045,638,352
2002 $7,905,485,146 $13,606,515,723
2001 $8,141,516,928 $20,898,761,742
2000 $8,397,855,485 $22,823,270,892
1999 $8,285,064,435 $23,983,945,191
1998 $8,497,494,652 $25,385,886,978
1997 $7,925,736,821 $23,969,739,234
1996 $7,396,949,126 $20,515,458,114
1995 $6,715,161,732 $19,297,663,097
1994 $5,981,222,859 $17,474,588,896
1993 $5,734,699,489 $15,002,136,971
1992 $5,643,868,749 $12,878,148,791
1991 $5,343,262,457 $11,206,176,651
1990 $4,867,582,598 $9,298,807,850
1989 $4,715,973,437 $8,438,951,476
1988 $4,597,612,362 $8,213,538,369
1987 $4,347,956,338 $7,367,494,080
1986 $3,959,382,833 $5,880,112,788
1985 $5,377,276,555 $4,732,017,873
1984 $6,169,483,225 $4,850,238,550
1983 $5,422,656,823 $5,102,276,308
1982 $5,594,126,369 $9,178,780,077
1981 $5,891,598,695 $11,048,301,421
1980 $4,537,479,608 $10,163,020,116
1979 $4,421,336,383 $7,181,182,224
1978 $3,758,220,890 $4,910,254,566
1977 $3,227,436,282 $4,114,670,014
1976 $2,731,984,008 $3,667,161,241
1975 $2,404,697,651 $3,538,278,047
1974 $2,100,249,875 $4,090,209,682
1973 $1,262,968,516 $3,964,296,443
1972 $1,257,615,645 $2,189,418,689
1971 $1,095,622,896 $2,807,258,065
1970 $1,017,003,367 $2,137,096,774
1969 $929,629,630 $2,004,435,484
1968 $857,912,458 $1,593,674,185
1967 $755,808,081 $1,597,713,469
1966 $669,191,919 $1,809,185,094
1965 $604,377,104 $1,890,767,156
1964 $544,023,569 $1,975,701,816
1963 $482,828,283 $1,539,681,491
1962 $448,400,673 $1,710,004,407
1961 $410,101,010 $1,547,388,781
1960 $377,020,202 $1,242,289,239

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/uruguay | CC BY

GDP per capita in Bolivia vs Uruguay by year

Bolivia
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $25,216 -
2024 $4,421 $12,878 $24,308 $36,418
2023 $4,275 $12,892 $23,379 $34,471
2022 $4,219 $12,307 $21,009 $33,001
2021 $4,011 $11,202 $17,882 $29,432
2020 $3,581 $9,581 $15,758 $25,725
2019 $4,203 $11,005 $18,316 $25,783
2018 $4,207 $10,758 $19,250 $24,386
2017 $4,048 $10,420 $19,185 $23,607
2016 $3,036 $9,242 $17,010 $22,841
2015 $2,996 $8,757 $17,126 $22,169
2014 $3,041 $8,629 $18,322 $21,868
2013 $2,870 $8,069 $18,335 $20,661
2012 $2,576 $7,184 $16,260 $19,495
2011 $2,316 $6,598 $15,132 $19,135
2010 $1,930 $6,245 $12,641 $17,873
2009 $1,731 $6,024 $9,881 $16,422
2008 $1,693 $5,890 $9,424 $15,694
2007 $1,355 $5,537 $7,222 $14,397
2006 $1,203 $5,244 $6,001 $13,179
2005 $1,020 $4,938 $5,284 $12,296
2004 $953 $4,663 $4,169 $11,103
2003 $893 $4,433 $3,671 $10,303
2002 $888 $4,304 $4,150 $10,030
2001 $930 $4,205 $6,383 $10,719
2000 $976 $4,113 $6,988 $10,929
1999 $979 $3,991 $7,371 $10,938
1998 $1,022 $3,988 $7,837 $11,002
1997 $970 $3,822 $7,436 $10,461
1996 $922 $3,645 $6,398 $9,524
1995 $853 $3,494 $6,050 $8,906
1994 $774 $3,331 $5,508 $8,897
1993 $757 $3,177 $4,753 $8,162
1992 $760 $3,036 $4,102 $7,808
1991 $734 $2,981 $3,589 $7,112
1990 $683 $2,797 $2,995 $6,683
1989 $675 - $2,734 -
1988 $673 - $2,677 -
1987 $650 - $2,416 -
1986 $604 - $1,939 -
1985 $838 - $1,568 -
1984 $982 - $1,615 -
1983 $882 - $1,707 -
1982 $930 - $3,085 -
1981 $1,001 - $3,728 -
1980 $788 - $3,443 -
1979 $785 - $2,443 -
1978 $683 - $1,678 -
1977 $600 - $1,414 -
1976 $520 - $1,268 -
1975 $468 - $1,232 -
1974 $418 - $1,433 -
1973 $257.2 - $1,397 -
1972 $261.9 - $776 -
1971 $233.4 - $1,000 -
1970 $221.6 - $766 -
1969 $207.1 - $723 -
1968 $195.5 - $579 -
1967 $176.1 - $585 -
1966 $159.3 - $668 -
1965 $147.1 - $705 -
1964 $135.2 - $745 -
1963 $122.6 - $587 -
1962 $116.2 - $659 -
1961 $108.5 - $604 -
1960 $101.8 - $491 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/uruguay | CC BY

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $25,216 in Uruguay, ranking 54/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Uruguay ranks 61st at $36,418.

Economic indicators

Bolivia Uruguay
Gross domestic product
$64.8B
2025
$85.3B
2025
GDP rank
88/197
2025
84/197
2025
GDP growth
-1.58%
2024-2025
1.78%
2024-2025
GDP per capita
$5,148
2025
$25,216
2025
GDP per capita rank
121/197
2025
54/197
2025
GDP per capita, PPP
$12,878
2024
$36,418
2024
GDP per capita PPP rank
122/197
2024
61/197
2024
Government debt
$54.9B
2025
$56B
2025
Debt-to-GDP ratio
84.8%
2025
65.7%
2025
Government debt per person
$4,364
2025
$16,559
2025
Government debt per person rank
93/185
2025
41/185
2025
Average annual personal income after taxes
$4,410
2026
$14,046
2026
Market capitalization of domestic companies n/a
$284M
1996
Income share by richest 10%
30.6%
2024
30%
2024
Income share by poorest 10%
1.9%
2024
2.2%
2024
Government expenditure, % of GDP
32.2%
2025
31.5%
2025
Consumer prices inflation
19.5%
2024-2025
4.65%
2024-2025
Central bank interest rate
3.26%
2025
5.75%
2026
Unemployment rate
2.73%
2024
8.21%
2024
Population
12837312
3382672

Spending and national debt comparison by year

Bolivia
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Bolivia Uruguay
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 31.5% 65.7%
2024 33.5% 83.2% 30.6% 67.6%
2023 33.5% 78.3% 30.1% 63%
2022 31.2% 69.2% 29.7% 59.4%
2021 29.4% 68.7% 30.2% 64.1%
2020 31.9% 67.5% 32.8% 68.2%
2019 30.1% 48.9% 30.6% 59.6%
2018 31.4% 44.2% 30.3% 57.9%
2017 31.6% 41.9% 29.7% 55.8%
2016 32.9% 38.2% 29.7% 56.4%
2015 37% 34% 28.4% 57.8%
2014 34.9% 31.8% 29.1% 51.1%
2013 30.4% 31% 28.8% 50%
2012 31.3% 30.7% 27.7% 49.8%
2011 30.6% 30.5% 26.3% 41.3%
2010 27.5% 32.8% 27.4% 40.9%
2009 28.9% 34.1% 27.2% 46.2%
2008 31.1% 32.4% 26.3% 46.2%
2007 28.9% 35.5% 26.8% 52.8%
2006 26.6% 48.6% 26.8% 61.1%
2005 29.5% 73.2% 26.3% 66.2%
2004 29% 80.6% 26.6% 73.7%
2003 28.6% 85.5% 27.7% 91.9%
2002 29.6% 77.2% 27.6% 90.1%
2001 28.6% 74.4% 27.8% 39.4%
2000 26.2% 66.5% 26.6% 30.5%
1999 26.3% 61.7% 27.2% 24.1%
1998 26.8% 61.2% 27.3% 19.4%
1997 25.3% 64.6% 27.6% 18.8%
1996 23.3% 72.4% 26.5% 18.3%
1995 23.1% 81.7% 26.2% 18.5%
1994 23.9% 87.6% 29.5% 19.3%
1993 24.3% 83.8% 27.7% 20%
1992 22.6% 92.4% 23.6% 22.2%
1991 21.6% 92.8% 22.2% 20.4%
1990 20.4% 102.9% 21.1% 26.2%
1989 24.4% 98% 37% -
1988 24% 115.9% 26% 34.8%
1987 24.4% 145.3% 24.4% 37.3%
1986 22.2% 149% 25.1% 34.6%
1985 21.8% 205.2% 24.6% 29%
1984 29% 166.5% 25.6% 39.5%
1983 32.1% 157.3% 26.5% 21.2%
1982 25% 155.4% 29.5% 13.5%
1981 16.6% 121.7% 25% 4.32%
1980 19.8% 100% 21.8% 4.59%
1979 18% 92% 20.2% 3.98%
1978 17.3% 82.5% 22.9% 5.64%
1977 18.6% 82.4% 23.5% 7.26%
1976 16.8% 68.9% 24.2% 8.67%
1975 14.4% 56.2% 23% 8.13%
1974 14.2% 52.7% 23.8% 7.61%
1973 14.1% 80.9% 22.6% 7%
1972 11.8% 77.7% 24.6% 9.12%
1971 11.3% 65.7% 20.1% 9.3%
1970 10% 63.9% 15.1% 6.11%
1969 12.3% - 14.6% -
1968 14.1% - 14.1% -
1967 13.1% - 14.7% -
1966 12.9% - 14.1% -
1965 12.9% - 15.6% -
1964 10.8% - 14.3% -
1963 10.8% - 14.6% -
1962 10.2% - 16% -
1961 10.7% - 13% -
1960 10.1% - 9.9% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/uruguay | CC BY

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Uruguay spent $26.9B, or 31.5% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 65.7% in Uruguay, ranking 36/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Uruguay
1x
Year Deficit/surplus, % of GDP
Bolivia Uruguay
2025 -11.6% -3.36%
2024 -8.7% -3.16%
2023 -9.46% -3.09%
2022 -6.15% -2.5%
2021 -7.87% -2.61%
2020 -11% -4.64%
2019 -6.04% -2.71%
2018 -6.8% -1.89%
2017 -6.42% -2.51%
2016 -5.95% -2.68%
2015 -5.76% -1.86%
2014 -2.88% -2.6%
2013 0.51% -1.72%
2012 1.49% -2.17%
2011 0.72% -0.33%
2010 1.42% -0.39%
2009 2.29% -1.39%
2008 3.1% -1.31%
2007 -1.37% -0.16%
2006 3.99% -0.64%
2005 -2% -0.28%
2004 -4.97% -0.87%
2003 -7.04% -2.19%
2002 -7.82% -3.19%
2001 -6.11% -2.85%
2000 -3.34% -2.76%
1999 -3.43% -2.76%
1998 -4.56% -0.76%
1997 -2.94% -0.97%
1996 -1.7% -1.32%
1995 -1.63% -1.08%
1994 -2.68% -2.37%
1993 -5.46% -0.47%
1992 -3.94% 0.6%
1991 -3.76% 0.88%
1990 -3.94% 0.49%
1989 -5.5% -13.1%
1988 -6.5% -1.47%
1987 -7.7% -0.66%
1986 -2.7% -0.34%
1985 -9.8% -1.88%
1984 -25.4% -4.94%
1983 -19.8% -3.54%
1982 -15.9% -8.22%
1981 -12.3% -1.15%
1980 -15.3% 0.43%
1979 -11.2% 0.99%
1978 -9.97% -0.47%
1977 -11.2% -0.69%
1976 -1.15% -2.01%
1975 -2.33% -4.38%
1974 -1.87% -3.74%
1973 -3.72% -1.09%
1972 -3.69% -2.25%
1971 -3.67% -5.86%
1970 -1.92% -1.33%
1969 -4.16% -2.37%
1968 -5.67% -2.93%
1967 -4.29% -4.12%
1966 -3.55% -2.01%
1965 -4.12% -5.14%
1964 -2.68% -3.61%
1963 -3.02% -4.4%
1962 -2.8% -5.02%
1961 -2.81% -0.86%
1960 -3.35% 0.79%
1959 -4.32% 0.64%
1958 -2.95% -1.38%
1957 -1.11% -0.72%
1956 -0.11% 0.04%
1955 0.33% -1.24%
1954 0.006% -
1953 -0.48% -
1952 -0.94% -
1951 -0.42% -
1950 -1.17% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1950–1998, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/uruguay | CC BY

In 2025, Bolivia's government deficit, the difference between spending and revenue, was $7.51B, equivalent to 11.6% of GDP. This compares to Uruguay's deficit of $2.86B, or 3.36% of GDP.

Over the past 66 years, Bolivia recorded a fiscal deficit in 59 of those years, while Uruguay ran a deficit in 60 years. On average, Bolivia posted an annual deficit equal to 5.3% of GDP, compared to deficit of 2.23% of GDP for Uruguay.

Inflation comparison by year

Inflation
Bolivia

Uruguay
1x
Year Consumer prices inflation
Bolivia Uruguay
2025 19.5% 4.65%
2024 5.1% 4.85%
2023 2.58% 5.87%
2022 1.75% 9.1%
2021 0.74% 7.75%
2020 0.94% 9.76%
2019 1.84% 7.88%
2018 2.27% 7.61%
2017 2.82% 6.22%
2016 3.62% 9.64%
2015 4.06% 8.67%
2014 5.77% 8.88%
2013 5.74% 8.58%
2012 4.52% 8.1%
2011 9.88% 8.09%
2010 2.5% 6.7%
2009 3.35% 7.06%
2008 14% 7.88%
2007 8.71% 8.11%
2006 4.28% 6.4%
2005 5.39% 4.7%
2004 4.44% 9.16%
2003 3.34% 19.4%
2002 0.93% 14%
2001 1.59% 4.36%
2000 4.61% 4.76%
1999 2.16% 5.66%
1998 7.67% 10.8%
1997 4.71% 19.8%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/uruguay | CC BY

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 8.43% in Uruguay. In 2025, inflation was 19.5% in Bolivia and 4.65% in Uruguay.

Top exports between countries

Bolivia
Export category Export value
Wood & paper products $4.13M
Processed food, beverages & tobacco $2.95M
Raw agricultural goods $1.28M
Machinery & equipment $1.21M
Chemicals & pharma $501K
Raw materials & minerals $375K
Textiles & consumer goods $330K
Metals $107K
Miscellaneous $34K
Animal & marine products $18K
Uruguay
Export category Export value
Chemicals & pharma $25.4M
Raw agricultural goods $16M
Raw materials & minerals $4.08M
Animal & marine products $3.94M
Machinery & equipment $1.1M
Textiles & consumer goods $704K
Processed food, beverages & tobacco $337K
Wood & paper products $317K
Precious metals & jewellery $40K
Metals $11K

Balance of trade

Bolivia Uruguay
Current account balance
-$1.22B
2025
-$374M
2025
Current account balance ranking
124/190
2025
100/190
2025
Current account balance, % of GDP
-1.88%
2025
-0.44%
2025
Goods imports
$9.23B
2025
$13.6B
2025
Goods exports
$9.56B
2025
$16.1B
2025
Service imports
$2.25B
2025
$5.96B
2025
Service exports
$1.21B
2025
$7.39B
2025
Imports of goods and services, % of GDP
25.5%
2024
22.6%
2025
Exports of goods and services, % of GDP
21.4%
2024
27.1%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Bolivia Uruguay
Economic freedom 42.4 69.8
Economic freedom ranking 184/197 39/197
Property rights 20.2 87.4
Government integrity 27.1 79
Judicial effectiveness 29.5 80.9
Tax burden 86.4 73.3
Government spending 56.3 72
Fiscal health 0.8 76.6
Business freedom 53.6 83.8
Labor freedom 52.2 61.7
Monetary freedom 67.1 70.2
Trade freedom 60.6 73.2
Investment freedom 15 50
Financial freedom 40 30

Economic freedom comparison by year

Bolivia
Uruguay
1x
Year Economic freedom index
Bolivia Uruguay
2026 42.4 69.8
2025 44.1 70.2
2024 43.5 69.8
2023 43.4 70.2
2022 43 70
2021 42.7 69.3
2020 42.8 69.1
2019 42.3 68.6
2018 44.1 69.2
2017 47.7 69.7
2016 47.4 68.8
2015 46.8 68.6
2014 48.4 69.3
2013 47.9 69.7
2012 50.2 69.9
2011 50 70
2010 49.4 69.8
2009 53.6 69.1
2008 53.1 67.9
2007 54.2 68.4
2006 57.8 65.3
2005 58.4 66.9
2004 64.5 66.7
2003 64.3 69.8
2002 65.1 68.7
2001 68 70.7
2000 65 69.3
1999 65.6 68.5
1998 68.8 68.6
1997 65.1 67.5
1996 65.2 63.7
1995 56.8 62.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/uruguay | CC BY

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Uruguay
Services, % of GDP
53.4%
2024
65.2%
2025
Industry, % of GDP
31.3%
2024
16.9%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
6.38%
2025
GNI, Atlas method
$55.6B
2025
$81.3B
2025
GNI per capita, PPP
$12,530
2025
$36,330
2025
Total reserves including gold
$580M
2025
$19B
2025
Total reserves ranking
155/177
2025
67/177
2025
Net foreign direct investment
-$464M
2025
-$457M
2025
Net inflows of foreign direct investment
$358M
2024
-$3.94B
2024
Net outflows of foreign direct investment
$133M
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
n/a
Poverty at national poverty lines
37.7%
2024
17.3%
2024
Gross capital formation, % of GDP
17.9%
2024
16.2%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/uruguay | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2023–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.